For the fiscal year, H&R posted net income of $265.9 million, down 35% from last year on revenues that slipped 1.7% to $2.89 billion.

The company shuttered 200 stores in April, eliminating 350 jobs, incurring quarterly severance and shut down costs. The closures are expected to save the company between $85 and $100 million in this fiscal year.

For the 2012 tax season, H&R Block said it prepared 25.6 million tax returns, up 4.3% from last year.

The company said it spent $200 million to repurchase 14.6 million shares during fiscal 2012. It anticipated spending $315 million to repurchase 21.3 million shares in the current fiscal year.